- Adipurush: Team gets involved in another controversy after grand pre-release event
- Vijayawada: All PHCs asked to stock up rabies vaccinces
- 216 Stranded Passengers Board Air India Flight From Russia's Magadan To SFO
- TTD inaugurates Tirumala temple in Jammu and Kashmir
- Hyderabad: ABVP activists lay siege to Inter Board office
- Nizamabad: BJP only capable of rising slogans, flays Kavitha
- Anantapur: RTA fixes June 15 for fitness certificate of school buses
- TS CEO Vikas Raj to address political parties concerns promptly
- Realme 11 Pro series to launch today: Expected price, Features, how to watch live stream
- Khammam: BRS govt working for journos’ welfare
Copper futures weaken 0.22% on weak global cues, low demand
Copper prices fell 0.22 per cent to Rs 456.70 per kg in futures trade today as traders trimmed positions amid a weak trend overseas and sluggish demand in the spot market.
NEW DELHI: Copper prices fell 0.22 per cent to Rs 456.70 per kg in futures trade today as traders trimmed positions amid a weak trend overseas and sluggish demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in April declined by Re 1, or 0.22 per cent, to Rs 456.70 per kg in a business turnover of 28 lots.
Likewise, the metal for delivery in current month contracts shed 90 paise, or 0.20 per cent, to Rs 451.85 per kg in 1,023 lots.
Marketmen attributed the weakness in copper prices to a weak trend in base metals at the London Metal Exchange (LME) and tepid demand from consuming industries in the domestic spot market.
Meanwhile, at the LME, copper prices dropped 1 per cent on Friday while at the Shanghai Futures Exchange where prices have been falling since late December, the metal stayed down by 0.5 per cent at 52,950 yuan (USD 8,407) a tonne.